Message-ID: <24956475.1075842219860.JavaMail.evans@thyme> Date: Wed, 27 Sep 2000 02:02:00 -0700 (PDT) From: russell.murrell@enron.com To: dan.hyvl@enron.com Subject: PERC index pricing Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Russell E Murrell X-To: Dan J Hyvl X-cc: X-bcc: X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents X-Origin: HYVL-D X-FileName: dhyvl.nsf The Index for pricing in the PERC contracts is based on the average of the "spot" price and the "citygate" price as follows: Calculation of spot price (C): C = (A+B)/2 Where A is the low and B is the high of the range as reported in the first publication of the billing month of "Inside F.E.R.C's Gas Market Report" for Chicago citygate. Calculation of citygate price (E): E = (D+C)/2 Where D is the price as reported in the first publication of the billing month of "Natural Gas Week" for Delivered to Utility, Midwest. Calculation of Contract Price (F): F = E x applicable percentage